Nominee designation

[Kea]

When I did a couple of decedent returns previously, I showed the nominee interest / dividend info on the Schedule B lines (using overrides). Looking at the instructions now, I see that listed only for going to a 1041 and surviving spouse.

So, if I'm reading this correctly, I do have to show on 1099s? Did this change or did I just do it wrong last time? There was not IRS correspondence for it. And those retruns were e-filed.

Is it because the e-file doesn't "see" these nominee entries? Perhaps paper filing so that the info is "seen" by someone. Not that they would know what it was but if that's how it was handled previously, then .... maybe??

Thanks

[Catherine]

At the very least it's better practice to send 1099's.

[Kea]

Thanks - that is starting to sound easier that forcing the software to do what I want-- especially when I'm wrong & trying to use old info!

I think I'll prepare them in the .pdf forms and give to client. Let him go to IRS for Red forms -- that's faster than my ordering forms!

It involved 1099 INT, 1099 Div & 1099 OID. For the stock sales, I just want to move the net gain / loss -- can these be added to the 1099 DIV? Or, will it need a 1099 B - I was hoping to not have to list the individual trades

Oh, and this is my "Dear Client" guy. I did get a nice apology from him on Monday. He's forgiven mainly because he's still having a hard time losing his mother.

[grandmabee]

WHy don't you just efile the 1099's in ATX?

[Kea]

I'm not using ATX anymore. Sigh - that could have made my life easier.